(BSNS WIRE) NP Energy Announces Corporate Re-Organization
NP Energy Announces Corporate Re-Organization
Business Editors
LAKE ELSINORE, Calif.--(BUSINESS WIRE)--Feb. 24, 1999--NP Energy
Corp. (OTC BB:NPEC) announced the appointment of Raymond D. Lazo of
California as president of the company.
Lazo replaces Larry Regis who will remain on the board of
directors.
Increased activity by NP Energy in the telecommunications
industry by its subsidiary MetroPLUS Communications Corp. and the
anticipated renewed activity in its precious metal holdings motivated
the appointment of new officers and directors.
Lazo's business background as owner of several companies will
bring strong business acumen to the company.
Joining Lazo as vice president of exploration and development is
Ralph Bonham who, since 1960, has been active in gold recovery
specializing in the Placer gold recovery field. He has done extensive
work in Utah, Idaho, Montana, Arizona, Wyoming, California and Nevada
gold fields. He is Chairman of Mystery Gold, an organization whose
membership boasts 200 years of gold expertise. He speaks Portuguese
and will be involved in NP Energy's Picone field in Brazil.
Jack Ginn, Larry Regis and Les Price remain as directors.
Larry Regis will remain as a director but his prime activity will
be with Medinah Energy as its president.
On behalf of the board of directors
Per: Larry Regis, president
--30--DS/kw/se*
CONTACT: NP Energy Corp.
Investor Relations, 888/423-6993
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: MINING/METALS ENERGY TELECOMMUNICATIONS
MANAGEMENT CHANGES
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